Question

A government annually collects $230 billion in tax revenue and allocates $29 billion to its universal healthcare spending. What percentage of this government's budget is spent on healthcare?

Answer 1

Answer: the percentage is 13%

Explanation:

A government annually collects $230 billion in tax revenue and allocates $29 billion to its universal healthcare spending.

To determine the percentage of this government's budget is spent on

its universal healthcare, we will divide the amount allocated to health care by the annual tax revenue collected by the government and multiply by 100. It becomes

(29000000000/230000000000) × 100

= 12.609

Approximately 13%